Valeura Energy Inc. T.VLE

STELLAR !!!!! WHTF???

[Canadaturk]

HOW COME STELLAR DOES NOT FIND A PARTNER FOR DEEPS YET? WHERE IS THE EXPLANATION? WHY ARE WE PAYING THEM STILL WHEN THEY ARE NOT ABLE TO DO THEIR F.......K...N..G JOB FOR THIS LONG!! OPPORTUNITY IS FLYING BY AND THESE R....T...RDS JUST WATCHING !!

[Hannamuk]

Stellar has been chasing for 14 months now, come on

[biggerr]

Did I read it correctly that they have 20 trillion with the T cubic feet of gas down there? At $5 per mcf it equals $100 billion with the B, but their cap is only lousy $90 mil? If it's not a millionaire maker I don't know what is, call me a fool but call me

[biggerr]

Sorry, a $40 mil. cap, even better, hah

[Overertune]

Not economic to take it out. But I think it is economic now with NG price 3-5 times.  Why don't they just dig into current test wells and make some money out of it.

[Hannamuk]

  Must be the very rapid decline rates in gas flow observed in all wells?   quote=Overertune]Not economic to take it out. But I think it is economic now with NG price 3-5 times.  Why don't they just dig into current test wells and make some money out of it. [/quote]  

[Overertune]

No the dry sections are okay.  Just flow rate too low. The water section has higher but decline fast.

[Hannamuk]

The dry zone long term tested was in Devepinar? Ended up @ 170 rate  

[Overertune]

I remember it was 0.3, after 10 days? 

[Hannamuk]

Valeura paid this 100% in Q2 2020 and reported after 41 days flow: The well’s average initial production rate over 30 days (IP-30) was 890 Mcf/d, and over the course of the test period, declined to approximately 170 Mcf/d for the final 7 days of flow. Testing and evaluation of this section in the well has now been completed and the well has since been shut in. Pressure build up data will now be

[Canadaturk]

my neighbor spent 15 yrs in oil and gas industry! When I talked to him, he knew some guys that worked on yamalik, devepinar....they mentioned that they had problem with water and they didn't have enough technology to isolate the zones that were producing water.... DONT FORGET THERE WAS NO OIL FIELD THERE ..LOW ON SUPPLYS!! he ALSO said HUGE potential there HUGE. We need to drill 10 PLUS more